Mobicon Group Faces Financial Challenges in 2024

Mobicon Group Limited (HK:1213) has released an update.

Mobicon Group Limited reported a challenging first half of 2024, with revenue dropping to HK$150.7 million from HK$188.2 million the previous year, leading to a net loss of HK$4.8 million. The company faced increased financial pressures as operating profit turned negative, highlighting the impact of reduced sales and rising costs. Investors may need to reassess the company’s financial health as it navigates these turbulent times.

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